'Rich Dad, Poor Dad' Author Says This Precious Metal Is 'Most Undervalued Asset Of A Generation'

"Rich Dad, Poor Dad" author Robert Kiyosaki has said that a lot of investors are not paying enough attention to a well-known precious metal, and they're missing out on an investment opportunity.

In a Twitter post, Kiyosaki agreed with Andy Schectman, president of precious metals investment firm Miles Franklin, that silver is the most undervalued asset in a generation. 

Kiyosaki has been recommending silver as a better investment option. Last year in one of his tweets, he said, “To profit from the crash of US $ I bought many more US silver Buffalo rounds. Silver is a bargain.”

He predicted silver moving sideways around $20 for three to five years and then rallying to $100-$500.

Also Read: 'Rich Dad Poor Dad' Author Warns Of Economic Pain, Says Baby Boomers Will Be 'Biggest Losers'

“Everyone can afford silver even poor. Accumulate silver now,” he said.

Kiyosaki has warned that the world economy is on the verge of collapse, and the country may witness a condition similar to the Great Depression during the 1930s.

“Please. Please Please. World economy on verge of collapse. Runs on banks next? Savings frozen? Bail-ins next?" he tweeted. "You can buy a real silver coin for about $25. Please take care."

“For years I have been saying, ‘Saving money and investing in a well-diversified portfolio of stocks, bonds, mutual funds and exchange-traded funds is risky advice.’ Today, [it’s still] very risky advice. I still believe gold, silver, Bitcoin best for unstable times, although prices will go up and down. Take care,” he tweeted. 

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Photo courtesy: Gage Skidmore on flickr